524 Central Ave SW UNIT 702AlbuquerqueNM87102
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Albuquerque at 524 Central Ave SW UNIT 702, Albuquerque, NM, 87102 uses $99,119 cash to close to unlock $7,446/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $2,375/mo, and a $1,463/mo payment keeps the spread at $620/mo. Purchase price stands at $299,000, and rental yield measures 9.53% with $2,375/mo rent. Return on cash invested shows 27.42% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 142.71% and total cumulative return in cash records $141,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,375/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 2015
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87102, Albuquerque, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,639 (100%) |
| Owner Occupied HU | 3,796 (32.6%) |
| Renter Occupied HU | 6,413 (55.1%) |
| Vacant Housing Units | 1,430 (12.3%) |
| Median Home Value | $312,293 |
| Average Home Value | $339,998 |
Housing Distribution
Address Breakdown
Residential
10,540
Single Family
7,938
Multi-Family
2,602
Businesses
1,856
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Listed by: N/A • N/A
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